Jennifer Ross -
Next week I will be announcing the winner of
the monthly drawing - a portable GPS!
Be sure to check in and see if you win.
California Homebuyer's Tax Credit
AB 183 will
provide $200 million for home buyer tax credits,
allocating $100 million for qualified first-time
home buyers of existing homes and $100 million for
purchasers of new, or previously unoccupied,
homes. The eligible taxpayer who purchases a
qualified personal residence on and after May 1,
2010, and on or before Dec. 31, 2010, or who
purchases a qualified principal residence on and
after Dec. 31, 2010, and before Aug. 1, 2011,
pursuant to an enforceable contract executed on or
before Dec. 31, 2010, will be able to take the
allowed tax credit.
The credit is equal to
the lesser of 5 percent of the purchase price or
$10,000, in equal installments over three
consecutive years. Under AB 183, purchasers will
be required to live in the home for at least two
years or forfeit the credit (i.e., repay it to the
A "first time home buyer"
is and individual, or individual's spouse, who has
no present ownership interest in a principal
residence now or over the three previous year
period, ending on the date of
You must apply for the
credit within 2 weeks of closing or lose
The state's previous home
buyer tax credit program was so successful that it
ran out of tax credits by the end of June 2009,
eight months before it was set to expire. Unlike
last year's state legislation, AB 183 adds a tax
credit for the purchase of an existing home by a
first-time home buyer.
Under the Extended
Federal Home Buyer Tax Credit, as long as a
written binding contract to purchase is in effect
on April 30, 2010, the purchaser will have until
July 1, 2010 to close.
Therefore, if you are
under contract by 4/30/2010 and close by
6/30/2010, you could get $18,000.
BE SURE CONSULT A TAX
Other topics about buying a home can
be found here
Here is some fun Easter trivia in
celebration of this upcoming Easter Sunday -
- Rabbits are said to be a symbol of
fruitfulness and fertility, because rabbits
reproduce very quickly.
- The reason for painting
easter eggs in bright color's is they represent
the bright sunlight of spring time.
- Easter's most valuable eggs were hand
crafted in the 1880s. Made by the great
goldsmith Peter Carl Faberge, they were
commissioned by Czar Alexander III of Russia as
gifts for his wife, Czarina Maria Feodorovna.
The first Faberge egg, presented in 1886,
measured two and a half inches long and had a
- The most famously known easter event took
place in the year 1878. This year president
Hayes and his wife Lucy officially opened the
White House grounds to the children for egg
rolling on Easter Monday. Since then this event
is held each year.
- Today, ten growers, most located along the
California-Oregon border, in an area known as
the "Easter Lily Capital of the World," produce
95 percent of all bulbs grown in the world for
the potted Easter lily market. They produce over
11 million bulbs annually for shipping to
- Americans spend 2 billion dollars on Easter
goodies. They consume 7.1 billion pounds of
Easter goodies each year, including 90 million
- According to a survey, 76% of people prefer
to eat the ears of a chocolate Easter bunny
first before any other
Classical Relief for
Some of the
world's biggest classical music stars were flown
in from around the world to record a charity
single to raise funds for Haiti.
including Julian Lloyd Webber, Aled Jones,
Britain's Got Talent stars Paul Potts and Faryl
Smith as well as popera acts All Angels, Bond,
Camilla Kerslake, Rhydian and The Priests,
recorded David Foster's The Prayer with the
backdrop provided by the Royal Philharmonic
idea came when Nadia Raibin and Alan McBlane of
Production Team realised a classical charity
single had never been done before. They gathered
together classical musicians, tenors, baritones
and sopranos from across the globe to work
together in a world first.
The results were
"Imagination is the beginning
of creation. You imagine what you desire, you will
what you imagine, and at last you create what you
|As always, feel free to give me
a call 800-913-7677 with your real estate
needs. I appreciate your referrals.
Over 21 years in
Serving all of San Diego
30 yr fixed: 4.99%
15 yr fixed: 4.34%
1 yr adj: 4.20%
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